We’re halfway through 2014 which means that it’s a good time to ask “Just where are we on jobs?” Sparking the conversation is the fact that last Friday the Department of Labor released its sixthjobs report of the year.
The jobs number is the most important piece of economic data for the overwhelming majority of Americans, especially people of color who rely more on work than on wealth to make ends meet.
Though at first glance the news appears to be generally positive, the reality is that the numbers reveal a jobs machine in shambles. Despite 51 months of job gains, the economy is short 20 to 30 million jobs of where the country needs to be in order to make a difference in the lives of most. When multiplied by the number of family members who depend on household breadwinners, this means that there are as many as one out of three Americans who are losing ground because of the pitiful state of the labor market.